William H. Pike
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Why Stocks Go Up and Down
by
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published
1983
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12 editions
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Why Stocks Go Up
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published
1996
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“In light of this analysis, it is evident that the would-be investor misinterpreted the answer. What the magnate meant was this: It is best to buy a stock only if it is selling at the lower end of its P/E range relative to your best estimate of earnings. Then the probability of price appreciation as the future unfolds is greater than”
― Why Stocks Go Up and Down
― Why Stocks Go Up and Down
“In sum, investors trying to decide what P/E to pay for a stock, or at what P/E to sell the stock, can look at: (1) the company’s historical P/Es, (2) comparable companies’ P/Es and (3) relative P/Es, as a guide. They should also look at broad market trends to see if P/Es in general are rising or falling. By comparing past conditions with current conditions, investors will often have a good basis for determining an appropriate price/earnings ratio today. The next three sections will look at the three types of P/E analyses listed”
― Why Stocks Go Up and Down
― Why Stocks Go Up and Down
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